General Motors doubles profit in the first quarter, turbo charged by cheap petrol and easy access to credit April 21, 2016 General Motors (GM) has reported profit more than doubled to $2bn (£1.4bn), or $1.24 a share, in the first quarter of 2016. Revenue for the first three months of the year climbed by 4.5 per cent to $37.3bn. The bottom line figures easily beat out analyst estimates of $1.01 per share on revenue of $35.4bn. Cheap petrol and consumers' [...]
Commuter chaos expected as conductors on Southern Rail vote to stage three 24-hour strikes over new rules which hand door control duties to drivers April 19, 2016 Conductors on Southern Rail are set to stage three 24-hour strikes on 26 April, 10 May and 12 May – because control of doors has been handed to drivers. They're set to walk out at 11:00 BST on all three days, it's been reported They're protesting Southern Rail’s plans to introduce "Driver Only Operation" rules, giving [...]
TfL names new Tube boss as Australian transport executive Mark Wild April 19, 2016 Transport for London has named an Australian transport executive as the new boss of the Tube. Mark Wild will join TfL in June, taking over from interim managing director Nick Brown. Wild is currently special adviser to the minister and secretary of the state government of Victoria. He was also chief executive of Public Transport Victoria, the [...]
Dashboard cameras drive sales at Halfords, sending the share price up by 9.6 per cent April 13, 2016 Like-for-like revenue at retailer Halfords has accelerated 2.6 per cent in is last quarter, and is up 1.7 per cent for the full year. The car and bike seller has posted an increase in like-for-like revenues of 3.1 per cent in its retail arm and 1.7 per cent in its autocentres compared to the same period last year. For the quarter the company had a second consecutive [...]
UK airports witness record passenger growth in 2015 putting pressure on government to respond to Airports Commission report April 13, 2016 UK airports saw passenger growth take off to record levels in 2015 after a fight back from the financial crisis of 2008-09, new figures show. Over 251m passengers used UK airports in 2015, representing an increase of 5.6 per cent on the previous year, putting pressure on the government to respond to the Airports Commission Final Report, [...]
Tube strike: London underground workers threaten industrial action in housing project battle April 13, 2016 A fresh battle is brewing after London Underground workers threatened to strike over a housing project battle which would result in a Tube depot being demolished. The RMT Union said the at 400 maintenance engineers have been "caught in the middle of a mad dash by mayor Boris Johnson to bulldoze through the demolition of whole [...]
Transport for London Bill slammed by RMT as multi-billion pound rip off April 12, 2016 The RMT union has slammed the Transport for London Bill as a "multi-billion pound rip off" ahead its third reading in parliament tonight. The bill was introduced to help TfL maximise profits that it makes from developing its property. It aims to allow TfL power to enter into partnerships with property developers to generating cash in [...]
Card fees for paying for London taxis removed for all passengers April 5, 2016 Those using cards to pay for their London taxis will no longer have to pay a surcharge, in a move that will help keep the industry competitive against the likes of Uber. The move means passengers should never pay more than the amount shown on the meter due to the method of payment that is used. [...]
Tube strike: Hammersmith and City line RMT drivers in dispute with “overbearing management” April 4, 2016 A Tube strike could be on the cards after Hammersmith and City line RMT drivers entered a dispute over what it calls an "overbearing management team". The RMT union said that there had been a breakdown in industrial relations, and the National Executive Committee has advised that it is now in dispute. The National Executive [...]
Presented without comment: These are Britain’s cheapest cities for train travel April 1, 2016 The cost of train travel varies hugely depending on where you live in Britain, according to research released today – and although Londoners love nothing more than to complain vociferously about how much their train fares set them back, it turns out the cheapest places for train commuters are big cities. Glaswegians pay the least for their [...]